America’s Natural Resources Gave the Economy an Early Boost:
The geography and geology of the U.S. provided a tremendous comparative advantage in building our economy. Only Australia and Canada have both similar size land masses that are not bordered by enemies, as China and Russia have.
This large land mass under one nation allows economies of scale in government and businesses, which lowers the cost of providing services and products. Unlike Australia and Canada, the U.S. had temperate climates and fertile soil created by the Great Plains that allowed tremendous agriculture. In addition, the U.S. had huge reserves of oil that were easily accessible, unlike Canada’s oil shale.
